MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS
July 01 2024 - 8:45AM
The Board of Trustees of the Miller/Howard High Income Equity Fund
(NYSE: HIE) (the “Fund”) declares cash distributions of $0.051 per
share for each of July, August, and September 2024.
HIE: CUSIP–600379 101
Declaration |
Ex-Date |
Record |
Payable |
July 1, 2024 |
July 24, 2024 |
July 24, 2024 |
July 31, 2024 |
July 1, 2024 |
August 23, 2024 |
August 23, 2024 |
August 30, 2024 |
July 1, 2024 |
September 23, 2024 |
September 23, 2024 |
September 30, 2024 |
The Fund’s current indicated distribution rate based on its
closing price on the New York Stock Exchange on June 28, 2024
($11.21) is 5.46%. The current indicated rate based on the Fund’s
net asset value per share ($11.56) is 5.29%. The Fund intends to
pay monthly distributions to its shareholders.
Each quarter, the Board of Trustees reviews the Adviser’s
recommended amount of any potential distribution to shareholders.
The Board of Trustees will monitor the Fund’s distribution level.
The Fund’s distribution rate may be affected by numerous factors,
including changes in realized and projected market returns, Fund
performance and other factors. There can be no assurance that an
unanticipated change in market conditions or other unforeseen
factors will not result in a change in the Fund’s distribution rate
at a future time. The distribution rate should not be considered
the dividend yield or total return on an investment in the
Fund.
About the FundThe Miller/Howard High Income Equity Fund
seeks high current income, and secondarily long-term capital
appreciation, by investing in high-yielding equities strategically
allocated across multiple sectors and industries focusing on
companies that we view to have a high current yield, growth of
dividends and financial strength. The Fund has a 10 year term
limit. It will terminate on November 24, 2024 unless the Board of
Trustees determines that it is in the best interests of the
shareholders to extend the term limit for one year or if
shareholders vote to shorten or extend the life of the Fund. Upon
termination of the Fund, shareholders will receive the NAV per
share.
The Fund is managed by Miller/Howard Investments Inc., based in
Kingston, New York. Miller/Howard Investments Inc.’s total firm
assets as of March 31, 2023 were approximately $3.1 billion,
including $0.3 billion in assets under advisement. Miller/Howard
Investments Inc. focuses on income-producing equities, with an
emphasis on high-quality stocks with high yield and strong
prospects for dividend growth, offering investors the opportunity
for capital appreciation, current income, and growth of income. The
firm has managed portfolios for major institutions and individuals
for over three decades.
For information, call shareholder servicing:American
Stock Transfer1-800-937-5449
Catherine Johnston
Miller/Howard Investments Inc.
845-679-9166
cjohnston@mhinvest.com
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